Professional Bookkeeping Services

Shomax Bookkeeping Solutions offers full service bookkeeping to fit the needs of your business!
bookkeeping financials

Accurate financials

Bookkeeping is the last thing you want to be worrying about. With Shomax, you can count on your books being finished on time.
bookkeeping accounting services

Track every detail

Tax time doesn't leave room for errors. Having a bookkeeper ensures accuracy for your books and peace of mind for you.
bookkeeping taxes

Tax time support

We work with your CPA or Tax Professional at tax time we can ensure the accuracy of your books.
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Adapt to your business

Your bookkeeping needs will evolve over time and we will ensure you're always getting the support you need.

Why a Bookkeeper & What Does a CPA do?

 

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There’s One Thing More Valuable Than Our Time, and That’s Who We Spend It With.............

Spend your valuable time with friends and family NOT doing your bookkeeping.

The professionals at Shomax Bookkeeping Solutions will give you back your time.

Call today for a free consultation.
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This is long BUT could save you a lot of grief down the road.

Do you have a policy for duplicate W-2s?

A good policy for handling requests for a duplicate W-2 heads off phone calls from employees or their spouses, or sending the duplicate to the wrong person or address.

Sample policy
You can make changes based on how it works for you.
1. Require that requests for a duplicate W-2 be in writing.
2. Create a “Duplicate W-2 Request Form.” The form should include lines for:
• the date the request is made;
• the date you mailed the duplicate; and
• change of address (if the W-2 is returned and the employee complains, you will want this).
Online alternative: Post the duplicate W-2 to a secure website and tell the employee how to obtain it.

Processing the duplicate W-2: In the upper righthand corner of all W-2 copies, you should type “REISSUED STATEMENT.” You are permitted to send a photocopy of the employer’s copy.

When W-2s are returned: If you mail W-2s, keep any that are returned in the original envelope. If the employee contacts you, put the returned envelope into another envelope and mail it to the corrected address. If the employee does not contact you, keep the returned W-2 for at least 4 years as proof that it was mailed. Make sure you keep a copy of the original envelope.

Second option: You can meet the regs by storing electronically copies B and C and shredding the originals.

Helpful hint: If you scan copies B and C, also scan the envelope the W-2 was mailed in. The postmark and address are proof that you mailed it and when. Make sure your electronic storage is secure.
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3 days ago

Shomax Bookkeeping Solutions

More Than Half of Entrepreneurs Forgo Salaries When They Launch Their Companies
You are no alone……………….

For a lot of founders, starting a company can be a path to new levels of wealth. But in the beginning? Don't expect a paycheck--for a while.

New data from Kabbage, an Atlanta-based financial services firm that provides loans to small businesses, sheds light on exactly how long most business owners tend to forgo paying themselves.

A survey of 500 entrepreneurs across various industries revealed that 51 percent of small-business owners did not pay themselves for multiple months to control the cash flow in their company. The survey found that 26 percent of respondents had gone two to six months without paying themselves and another 25 percent went more than six months without a salary.
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